Greg Newman, senior wealth advisor and portfolio manager, ScotiaMcLeod, Scotia Wealth Management
FOCUS: North American dividend stocks and protection strategies
MARKET OUTLOOK:
The main culprit of the downturn this year has been inflation. Yesterday’s U.S. CPI reinforced this fear and stoked concerns of more aggressive rate hikes. This will likely be a major headwind for the stock market. This is OK. We all know that cycles have to end at some point. This will either prove to be a cycle end or a near miss. Either way, if one can go down less than the markets during downturns, one has more capital at play when markets recover and eventually make new highs. We at the Newman Group try and approach downturns as the long-term wealth builders they have historically proven to be for our clients.
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TOP PICKS:
BCE offers investors a decent growth outlook with a nice dividend at a reasonable valuation.
TC Energy offers investors a decent growth outlook with a nice dividend at a reasonable valuation.
Crombie offers investors an attractive growth outlook with a nice distribution at a reasonable valuation.
PAST PICKS: September 22, 2021
AutoCanada (ACQ TSX)
- Then: $49.86
- Now: $27.87
- Return: -44%
- Total Return: -44%
CAE Inc. (CAE TSX)
- Then: $36.61
- Now: $23.58
- Return: -36%
- Total Return: -36%
Tourmaline Oil (TOU TSX)
- Then: $41.10
- Now: $82.27
- Return: 100%
- Total Return: 123%
Total Return Average: 14%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| ACQ TSX | Y | Y | Y |
| CAE TSX | Y | Y | Y |
| TOU TSX | Y | Y | Y |
-- BNN Bloomberg is owned by Bell Media, which is a division of BCE.
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